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The Cayman Islands Monetary Authority's (CIMA) 'Digital Assets Working Group' and the Financial Services Legislative Committee’s FinTech Subcommittee had earlier come to mutual agreement that it was important for the country to embrace financial technologies (FinTech), such as crypto assets. Appreciating the complex and impacting nature of FinTech, the Minister of Financial Services of the Ministry of Financial Services and Home Affairs of the Caymans Island Government announced the intent to use a regulatory sandbox type of approach towards helping regulators understand new FinTech innovation and regulate appropriately and fairly.

'The Ministry recommended and the Government has agreed that an adaptable, technology-neutral, regulatory sandbox-type framework is the best approach for our jurisdiction.'

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The Central Bank of Bahrain (CBB) issued (and will be publishing in the CBB website 'Open Consultations' section) a consultation paper on the draft rules on Crypto-asset Platform Operators ("CPO") for comment.

The European Banking Authority (EBA) is expected to release a study within the next several weeks on regulatory sandbox approaches taken by its member states and published in the form of best practices guidance, as reported by PaymentsCompliance.

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The Columbia Institute for Tele-Information (CITI) is a university-based research center focusing on strategy, management, and policy issues in telecommunications, computing, and electronic mass media.